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Search result with “Sritex Bankruptcy” as a keyword founded 23 news.
Indonesia Sees 70,000 Layoffs in Four Months: Labor Party
... . Read More: Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected The ...News May 28, 2025 | 3:01 pm
IDX Urges Delisting of Sritex After Bankruptcy, CEO’s Arrest
... ruling that upheld the bankruptcy decision. IDX Corporate Assessment ... . “Due to the bankruptcy ruling and the fact ... , Central Java-based Sritex officially ceased operations in ... Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy ...Business May 22, 2025 | 6:43 pm
Bankrupt Textile Giant Sritex’s Ex-CEO Arrested in Graft Case
... . The investigation follows Sritex’s declaration of bankruptcy in October 2024 and ... court-appointed receiver overseeing the bankruptcy process reported that the company ... : IDX Signals Delisting of Sritex After Bankruptcy Ruling The preferred creditors, those ...News May 21, 2025 | 1:58 pm
Can Indonesia Provide A Better Life for Its Workers?
... firm Sritex had to lay off over 10,000 workers over bankruptcy ... heightened US-China trade war. Sritex workers visit their factory in ...News May 2, 2025 | 12:24 pm
“My Saddest Eid”: Cirebon Factory Closure Leaves 1,126 Jobless, Workers Demand Rehire
... Rejeki Isman (Sritex), is ceasing operations after a bankruptcy ruling, impacting over ... has been done. Read More: Sritex May Resume Operations Under New ...Business Apr 6, 2025 | 4:18 pm
Government Earmarks Rp 20 Trillion to Rescue Labor-Intensive Industries
... notable cases is the recent bankruptcy of Sritex, Indonesia’s oldest textile ...Business Mar 20, 2025 | 12:09 am
Factories Struggle as Indonesia Faces Industrial Challenges in 2025
... and the broader manufacturing industry. Sritex Among the most notable closures ... Isman (Sritex), which officially halted operations on March 1 following bankruptcy proceedings ...Business Mar 5, 2025 | 6:18 pm
Sritex May Resume Operations Under New Investors
... a bankruptcy ruling, the curator team announced on Monday. Sritex’s ... upheld the company’s bankruptcy due to its failure ... will step in, allowing Sritex to restart operations and reclaim ... lease agreement could also enable Sritex to rehire workers, following ...Business Mar 3, 2025 | 3:33 pm
IDX Signals Delisting of Sritex After Bankruptcy Ruling
... Rejeki Isman, also known as Sritex (IDX: SRIL), following the ... exchange had met with Sritex management to confirm the ... on Friday. Read More: Sritex, Indonesia’s Largest Textile Firm ... of Sritex employees began packing up their belongings following a bankruptcy ...Business Feb 28, 2025 | 5:03 pm
Sritex, Indonesia’s Largest Textile Firm, to Shut Down Factories on Saturday
... . The Supreme Court recently rejected Sritex’s appeal, upholding the Semarang ... -appointed curator, ensuring compliance with bankruptcy regulations. “The Manpower Ministry is ... ,” Immanuel said, promising that all Sritex employees will receive severance payments ...Business Feb 28, 2025 | 2:59 pm
Luhut: Indonesia Must Guard Textile Industry from China’s Export Surge
... ,000 employees. Sri Rejeki Isman (Sritex), Indonesia’s largest textile company ... Court’s rejection of its bankruptcy appeal. The financially troubled company ...Business Feb 27, 2025 | 9:57 am
Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected
... Court’s rejection of its bankruptcy appeal. The financially troubled ... court sided with the initial bankruptcy ruling,” he said. ... leading to bankruptcy. Founded 58 years ago, Sritex is a ... across Central Java. Its bankruptcy has raised concerns over potential ...Business Dec 21, 2024 | 10:52 am
BNI Works with Creditors to Ensure Sritex’s Continuity After Bankruptcy Appeal Rejected
... Sritex) operational after the Supreme Court rejected the company’s bankruptcy ... discussions with the government, Sritex management, and other ... across Central Java. Its bankruptcy has raised concerns over ... the effects of the bankruptcy. BNI, meanwhile, has ...Business Dec 20, 2024 | 9:23 pm
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... , popularly known as Sritex, to overturn a bankruptcy ruling issued by the ... global reach and reputation. The bankruptcy of Sritex raises significant concerns, given ... the national textile industry.” Sritex’s bankruptcy comes at a time when ...Business Dec 20, 2024 | 3:52 pm
Indonesia Reports $3 Million Smuggled Goods in Just One Week
... imports. Textile giant Sritex not long ago got a bankruptcy ruling, and ... payroll. Both the government and Sritex have also promised that the ...News Nov 14, 2024 | 2:43 pm
Sritex Avoids Layoffs Amid Bankruptcy, Furloughs 2,500 Due to Material Shortage
... despite the company’s bankruptcy status declared by the ... “Sritex has not laid off employees amid this bankruptcy. Around ... investigate the recent bankruptcy ruling against Sritex. Members of the ... in Sukoharjo, Central Java. Sritex, known for supplying camouflage ...Business Nov 13, 2024 | 11:02 am
Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
... to investigate the recent bankruptcy ruling against Sritex, Indonesia’s largest textile ... global market, according to Saleh. Sritex CEO Iwan Kurniawan Lukminto acknowledged ... would accept Sritex’s appeal and overturn the bankruptcy ruling. The bankruptcy was ...Business Nov 8, 2024 | 2:33 am
Trade Ministry Denies Its Import Relaxation Causes Sritex to Go Bankrupt
... commercial court recently declared Sritex bankrupt, thus potentially ... According to media reports, Sritex president commissioner Iwan Setiawan ... Ministry was culpable for Sritex’s bankruptcy. President Prabowo has ... the court gave a bankruptcy verdict after the ...Business Nov 4, 2024 | 9:30 am
Gov’t Allows Sritex to Resume Export Operations Despite Bankruptcy
... as Sritex. to resume its export-import activities despite a bankruptcy verdict ... Semarang Commercial Court recently declared Sritex bankrupt after the company ... operations across Central Java. Despite Sritex’ bankruptcy, the Indonesian textile industry -- ...Business Oct 31, 2024 | 11:00 am
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... the management, represented by Sritex owner Iwan Setiawan Lukminto,” ... committed to avoiding layoffs. Sritex President Director Iwan Setiawan ... , not a result of bankruptcy. “Our focus is to ... District Court recently declared Sritex bankrupt following a lawsuit ...News Oct 29, 2024 | 9:55 am
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